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Scoop.it!
There's a bit of a lull in the news from Europe, but the underlying situation is as terrible as ever. Greece is experiencing a slump worse than the Great Depression, and nothing happening now offers hope of recovery. 
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Scoop.it!
It's not exactly a secret that Paul Krugman hasn't been a great fan of the euro over the years. In fact, most economists haven't been great fans of it: it has always been the political classes urging it on.
Scoop.it!
New York Times columnist Paul Krugman attacked the Greek government for putting its people in the untenable position of either accepting even harsher austerity measures or abandoning the euro altogether, claiming that the currency “strapped Greece in an economic straitjacket.”
Scoop.it!
Happy New Year! I’m trying to organize my thoughts and data on matters European, and I think I’ve come up with a useful way to summarize what has been happening in the euro area. In the figure below I compare the ratio of government debt to GDP (from the IMF — year-end number) with the 10-year interest rate (from the ECB) for a number of euro nations; I show two dates, the peak of the euro crisis in 2011 and a relatively recent observation:
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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